FFL Acquires Icynene

November 06, 2014

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FFL has completed the acquisition of Icynene, a maker and distributor of spray polyurethane foam insulation products. Contractors install Icynene’s spray foam insulation in walls, ceilings, floors, attics and hard-to-insulate areas across a diverse set of construction end markets. Growth equity firm Element Partners had previously backed Icynene. The deal represents FFL's first deal outside in the financial services space in a while; its past three completed deals were in insurance, consumer finance and mortgages.